Patch from redhat/fedora which made it into upstream.

--- automake-1.4-p6/subdirs.am.subdirs	2001-07-16 22:47:36.000000000 -0700
+++ automake-1.4-p6/subdirs.am	2003-04-25 08:24:35.000000000 -0700
@@ -27,7 +27,7 @@
 all-recursive install-data-recursive install-exec-recursive \
 installdirs-recursive install-recursive uninstall-recursive @INSTALLINFO@ \
 check-recursive installcheck-recursive info-recursive dvi-recursive:
-	@set fnord $(MAKEFLAGS); amf=$$2; \
+	@set fnord $$MAKEFLAGS; amf=$$2; \
 	dot_seen=no; \
 	target=`echo $@ | sed s/-recursive//`; \
 	list='$(SUBDIRS)'; for subdir in $$list; do \
@@ -55,7 +55,7 @@ check-recursive installcheck-recursive i
 ## bombs.
 mostlyclean-recursive clean-recursive distclean-recursive \
 maintainer-clean-recursive:
-	@set fnord $(MAKEFLAGS); amf=$$2; \
+	@set fnord $$MAKEFLAGS; amf=$$2; \
 	dot_seen=no; \
 	rev=''; list='$(SUBDIRS)'; for subdir in $$list; do \
 	  rev="$$subdir $$rev"; \